3.5 minute read
As a reminder, PCORI fees must be reported and paid by August 1st by filing IRS Form 720. Generally, the deadline is July 31st; however, since this date falls on a Sunday, the IRS...
3.5 minute read
The Affordable Care Act created the PCORI (Patient-Centered Outcomes Research Institute) to help patients, payers, the public, and clinicians make more informed healthcare decisions....
2 minute read
The U.S. House of Representatives recently passed the Securing a Strong Retirement Act of 2022 bill. The act is often referred to as “SECURE 2.0” because it builds upon the Setting...
1 minute read
The IRS issued guidance on the taxability of dependent care assistance programs (DCAPs), also known as dependent care flexible spending accounts (FSAs) for 2021 and 2022. Carryovers of...
1 minute read
The IRS has issued a notice which extends tax deadlines for filing Form 1040 series returns and other deadlines to May 17, 2021. The deadlines were extended due to the pandemic....
1 minute read
Personal protective equipment (PPE), including masks, hand sanitizer, and sanitizing wipes used to prevent the spread of COVID-19, can be deducted as a medical expense when filing...
1 minute read
The Affordable Care Act (ACA) has a dollar limit on employees’ salary reduction contributions to health flexible spending accounts (FSAs) offered under cafeteria plans. The IRS...
2.5 minute read
Implementing any type of benefit change is usually met with a mix of openness and hesitation, depending on the employee. Many employers have implemented a Health Reimbursement...
1.5 minute read
The new IRS guidance includes more options when it comes to unused funds in an employee’s health flexible spending accounts (FSAs) and dependent care assistance programs (DCAPs). The...
2 minute read
The CARES Act was made into law in late March, providing federal funding to address the COVID-19 crisis. In addition to providing direct financial assistance to Americans, it also...
